AUD/CAD – 30M – BUY

The pair Australian Dollar/Canadian Dollar (AUD/CAD) breaks through the bearish trendline up.

A bullish ascent upwards to the next resistance line at 0.95718 is expected.

Caution: A possible change in the direction of the support line at 0.95197 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.

Next a ‘Three Outside Up’ candlestick pattern is found. The candles form ‘Three Outside Up’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

0.95718 – 0.96006 – 0.95925 – 0.95197 – 0.95331 – 0.95726 —
0.95423 – 0.95531 —
39.77962403052 – 44.243568667192 —
– —
0.95718 – 1770258600

Trading Signals: FOREX – AUD – AUD/CAD – CAD – Three Outside Up – – – – – – – – –